05 February 2024
Corporate News

Transition Board statement

Port Talbot

The Tata Steel UK Transition Board met for the third time on Thursday 1 February 2024 at the company’s Port Talbot site. 

The Board had the opportunity to speak to Tata Steel executives about their plans for decarbonisation, and how they would support those employees, communities and businesses who would be affected by the recent announcement.
The Board also received updates from the sub-groups on the plans and priorities for the coming months. 

This included plans to develop a Local Economic Action Plan to inform and advise future Transition Board interventions. 

The Transition Board will have access to up to £100 million of funding (£80 million from the UK government and £20 million from Tata Steel) to invest in skills and regeneration programmes for the local area once the outcome of formal consultation is known.

The Board and associated funding will focus on:

  • Immediate support for the people, businesses and communities directly affected by the proposed transition to low-CO₂  steelmaking at Port Talbot; and 
  • A plan for local regeneration and economic growth for the next decade.

The board:

Chair:
David TC Davies, Secretary of State for Wales

Deputy Chairs:
Vaughan Gething, Minister for the Economy of Wales, and Michael Gove, Secretary of State for Levelling Up

UK Government:
Nusrat Ghani, Minister of State at the Department for Business and Trade;

Tata Steel:
Henrik Adam, Chair of Tata Steel UK; Rajesh Nair, Chief Executive Officer of Tata Steel UK

Neath Port Talbot County Borough Council: 
Karen Jones, CEO
Cllr Steve Hunt, Leader

Member of parliament:
Stephen Kinnock, MP for Aberavon

Member of the Senedd:
David Rees, MS for Aberavon.

Independent business members: 
Anne Jessopp CBE, Royal Mint; Sarah Williams-Gardener, FinTech Wales; and
Katherine Bennett CBE.

Representatives from the trade unions attend as observers. 

The next meeting of the Transition Board will be held in March

Transition Board members

 

About Tata Steel UK

  • The Tata Steel Group has been named one of the most ethical companies in the world, and is among the top producing global steel companies with an annual crude steel capacity of 34 million tonnes. 
  • Tata Steel in the UK has the ambition to produce net-zero steel by 2045 at the latest, and to have reduced 30% of its CO2 emissions by 2030. 
  • Tata Steel is the largest steelmaker in the UK with primary steelmaking at Port Talbot in South Wales supporting manufacturing and distribution operations at sites across Wales, England and Northern Ireland as well as Norway, Sweden, France and Germany. It also benefits from a network of international sales offices around the world.
  • Tata Steel employs more than 8,000 people and has an annual crude steel capacity of 5 million tonnes, supplying high-quality steel products to demanding markets, including construction and infrastructure, automotive, packaging and engineering. 
  • Tata Steel Group is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world. 

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